In watch list !
Sent: Wednesday, September 09, 2015 9:24 AM
Subject: ********** NOL: Potential upside above 0.86 - 0.87 resistance level.... price 0.865, Watchlist !
Subject: ********** NOL: Potential upside above 0.86 - 0.87 resistance level.... price 0.865, Watchlist !
NOL has traded below the 0.87 level for about 3 weeks since breaking below the original support last month. We have seen some actions again today as it attempts to break upwards on strong than average volume. A convincing breakout can open the way to 0.90 then 0.95 first with volume maintaining. At current levels, it has been supported above the 0.83 level for the past few trading days which also coincides with the 20 DAY MA line. MACD momentum indicator starting to turn positive above the zero mark and a move above 0.88 can start to see it follow through.
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